29 Jul 2025

Namo Realtech has secured INR 350 crore in funding from a real estate-focused lending platform operated by BGO-Aditya Birla Sun Life AMC, marking a significant boost to its residential development in Gurgaon. The investment is part of a structured credit strategy launched in 2022, which has already committed USD 100 million across 10 deals and aims to scale up to USD 1 billion by 2028. Executives from both companies highlighted the robust prospects of India's residential property market.Read more

29 Jul 2025

India's office market recorded an 11% year-on-year rise in gross leasing to 178 lakh sq ft in Q2 2025, indicating a revival in corporate demand, particularly across Delhi-NCR, Bengaluru, and Mumbai. Delhi-NCR led with 16% growth in Grade A absorption, supported by demand from BFSI, tech, and consulting firms. Flexible workspace providers and global capability centres (GCCs) also significantly contributed to the demand surge. Shifting occupier preferences toward tech-integrated, ESG-compliant office spaces have spurred leasing in both metro cities and Tier II locations, reaffirming India's appeal in the APAC office leasing market.Read more

29 Jul 2025

IHG Hotels & Resorts has entered into a franchise agreement with KGA International Trades for the development of Holiday Inn Express Kottayam Changanassery in Kerala. The hotel, scheduled to open in the first quarter of 2027, will offer 90 rooms and be part of the under-construction KGA Mall, a mixed-use development. This collaboration marks IHG's second partnership with KGA, following their earlier project, Crowne Plaza Kochi. IHG currently operates 50 hotels across six brands in India, with 63 more properties in the pipeline set to launch within the next five years.Read more

29 Jul 2025

The Goa government has amended its Homestay Policy to address key challenges for local communities in the state's rural hospitality sector. Under the revised policy, eligible applicants will now receive a direct grant of INR 2 lakh to set up homestays, replacing a previous reimbursement model that posed financial hurdles. This move, primarily aimed at empowering rural women who will manage these homestays, seeks to create livelihood opportunities, preserve cultural heritage, and add to Goa's tourism offerings. The application process will begin after the ongoing assembly session concludes next week, with an initial phase supporting 100 homestays and plans to strengthen partnerships with platforms like Airbnb and MakeMyTrip.Read more

29 Jul 2025

Knowledge Realty Trust (KRT), sponsored by Sattva Group and Blackstone, has received approval from SEBI to launch its Real Estate Investment Trust (REIT) public offering, aiming to raise INR 4,800 crore. Having already secured INR 1,400 crore from investors pre-IPO, KRT is set to become India's largest REIT by gross asset value, estimated at INR 62,000 crore, upon its launch in the first week of August. Its portfolio spans over 46 million square feet of office assets across 29 properties in six major cities. This IPO signifies growing investor confidence in India's institutional-grade real estate and the REIT model.Read more

29 Jul 2025

The Karnataka cabinet has approved a 1% fire cess on the property tax of all newly constructed multi-storeyed buildings. This includes residential apartments, commercial complexes, hospitals, schools, and industrial units. The collected amount will be used exclusively to upgrade and expand fire and emergency services in urban areas. The cess is part of an amendment to the Karnataka Fire Force Act, 1964, and applies to all high-rise buildings above 21 metres in height.Read more

29 Jul 2025

A detailed audit conducted by Nagpur's town planning department has found nearly 30,000 structures missing from official municipal records. These buildings, though physically present and in use, had not been assessed for property tax, with many listed as vacant plots. The Nagpur Municipal Corporation (NMC) has now begun matching these structures with its GIS database. Once the ground verification is done, property owners will be issued assessment notices. This move is expected to bring a significant number of previously unlisted properties into the city's formal tax system and boost municipal revenue.Read more

29 Jul 2025

Ajmera Realty & Infra India (ARIIL) has reported a 21.79 percent increase in its net consolidated profit for the first quarter of fiscal year 2026, reaching INR 38.28 crore. The company's total income also rose by 32.36 percent. This growth is attributed to improved project execution, leading to a 42 percent rise in collections-its highest quarterly revenue in five years. Ajmera Realty also strategically reduced its overall debt by 6 percent, improving its debt-to-equity ratio. Despite regulatory delays for new projects, the company remains positive about launching nine new ventures with a combined gross development value of INR 6,460 crore.Read more

29 Jul 2025

India saved over INR 4 lakh crore (approximately USD 46 billion) in fossil fuel and pollution-related costs in 2024, thanks to its growing renewable energy capacity. A report by the International Renewable Energy Agency (IRENA) highlights that these savings came from avoiding USD 14.9 billion in fossil fuel expenses and preventing 410.9 million tonnes of CO2 emissions, alongside realizing USD 31.7 billion in air pollution benefits. India's renewable energy, especially solar PV, is noted as the second cheapest globally after China, with costs consistently falling due to efficiency and innovation, positioning the country as a leader in cost-effective green energy.Read more

29 Jul 2025

Invesco, a US-based investment management firm, has divested shares totaling over INR 3,202 crore in Indian real estate companies Oberoi Realty and Lodha Developers through open market transactions. Specifically, Invesco Developing Markets Fund sold stakes valued at approximately INR 1,883 crore in Oberoi Realty and over INR 1,319 crore in Lodha Developers. The divestment by Invesco, a global institutional investor, signals a notable portfolio rebalancing in India's dynamic real estate market.Read more

29 Jul 2025

Mumbai's Slum Rehabilitation Authority (SRA) has recovered INR 1,386 crore in unpaid rent from builders over the past three years, marking a major push for financial compliance in slum redevelopment. The amount includes INR 601 crore from regular collections, INR 134 crore via an amnesty scheme, and INR 650 crore from a rule mandating two years' advance rent. A recent amendment to the Maharashtra Slum Areas Act empowers SRA to seize assets-even those of company directors-to recover dues. CEO Mahindra Kalyankar stated these steps will ensure timely rent for slum dwellers awaiting rehousing and help accelerate project completion across the city's dense informal settlements.Read more

28 Jul 2025

A Vancouver-based office-focused REIT operating in U.S. Sun Belt markets has agreed to sell to an affiliate of Elliott Investment in a USD 1.1 billion all-cash transaction that includes debt. Shareholders are offered USD 7.00 per share roughly a 26% premium over recent trading levels which triggered a more than 24% jump in share price. The takeover hinges on approval and sale of its Phoenix portfolio and is expected to wrap by late this year. Stakeholder confidence is pegged on a hoped-for recovery in the challenged office sector.Read more

28 Jul 2025

Elan Group has repaid a INR 875 crore debt to Asia Pragati Strategic Investment Fund (PAG) ahead of schedule, citing robust internal cash flows driven by strong housing demand. The Gurugram-based firm confirmed the early settlement, originally availed in 2022, in a statement released on July 25, 2025. Sandeep Agarwal, Group CFO, highlighted the move as a major milestone, expected to reduce interest costs and boost financial efficiency. Elan currently manages 15 projects across Gurugram and New Delhi, covering 25 million sq ft. Known for commercial developments, the company recently forayed into luxury housing with a residential project on Dwarka Expressway.Read more

28 Jul 2025

Office space leasing in Delhi-NCR more than doubled during the April-June quarter, reaching 2.62 million square feet, driven by strong corporate demand in Gurugram and Noida. This contributed to a 10 percent rise in overall office space absorption across India's top seven markets, totaling 18.79 million square feet, according to Vestian's recent report. Southern cities like Bengaluru, Hyderabad, and Chennai led this growth, accounting for 59 percent of the demand. This upward trend is expected to continue as more enterprises return to office operations and new Grade A projects come online in the second half of the year, with total absorption projected to surpass 75 million square feet by year-end.Read more

28 Jul 2025

The Phoenix Mills Ltd has announced it will acquire the remaining 49% stake in Island Star Mall Developers Pvt Ltd (ISMDPL) from the Canada Pension Plan Investment Board (CPP Investments) for INR 5,450 crore. With this deal, Phoenix Mills' stake in ISMDPL will increase from 51% to 100%, thereby giving it complete ownership of the JV. The transaction, approved by the company's board, aligns with its long-term strategy to consolidate high-performing assets and ensure sustained growth. The payment will be made in four tranches over a span of three years.Read more

28 Jul 2025

PwC India has opened a new 125,000 sq ft office in DLF Downtown 4, Gurugram, further strengthening its presence in the National Capital Region. This marks the firm's sixth office in the NCR and increases its regional capacity to nearly 8,000 professionals. The new facility, which accommodates over 1,200 employees, features open workspaces, collaboration zones, tech-enabled meeting rooms, innovation hubs, and dedicated client areas to support hybrid and flexible work. This move comes in response to growing client demand and the availability of a strong local talent pool. PwC also plans to open two more offices in Mumbai by the end of the year.Read more

28 Jul 2025

Bajaj Housing Finance recorded a 21% year-on-year increase in net profit, reaching INR 583 crore during the first quarter of FY26, supported by healthy loan demand and strong operational performance. Its total income rose 18% to INR 2,618 crore, and the loan book expanded nearly 24% to INR 1.20 lakh crore. Despite solid fundamentals, the company marginally revised its full-year loan book growth estimate downward, citing intensified competition and softer demand in the property market. Asset quality and liquidity buffers remained stable, and capital adequacy continued to stay well above regulatory norms.Read more

28 Jul 2025

TDI Infrastructure Ltd has cleared its entire debt of INR 2,000 crore, marking a major financial milestone in its corporate journey. The company, without resorting to any restructuring or waivers, is now fully debt-free and is shifting focus towards township and commercial property development. It is preparing to reintroduce its flagship project, TDI City in Kundli, and is planning a fresh foray into Ludhiana's real estate market. With a solid delivery track record across 2,500+ acres, TDI is now realigning for growth.Read more

28 Jul 2025

Flexible workspace provider Innov8 has announced plans to add 11,000 new seats across major Indian cities in FY26, targeting commercial hubs in the western and southern regions. Mumbai and Pune will receive over 5,500 seats, while 4,500+ seats will be added in Hyderabad, Bangalore, and Chennai. The remainder will be allocated to NCR cities. This move follows a successful fundraising round and is backed by robust occupancy levels and growing enterprise demand. Innov8 also aims to expand its managed office footprint by 4 million sq ft over the next three years.Read more

27 Jul 2025

Ashiana Housing Ltd has reported an 83% surge in Q1 FY2025 sales bookings, reaching INR 430.97 crore, up from INR 235.32 crore in the same period last year. The company sold 5.95 lakh sq ft of residential space during April-June, compared to 4.42 lakh sq ft in Q1 FY2024. Known for its group housing projects and leadership in senior living developments, Ashiana continues to benefit from strong market demand and buyer confidence. This robust performance follows FY2024-25's total sales of INR 1,936.75 crore, highlighting sustained momentum for the Delhi-based developer and reflecting broader optimism in India's residential real estate market.Read more